Gas Prices Climb in Memphis, Average Now $3.87 a Gallon

GasBuddy survey shows prices have risen 3 cents per gallon since last week in the Tennessee city.

Apr. 13, 2026 at 2:05pm

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An abstract geometric illustration using clean lines, triangles, and circles in shades of blue, grey, and orange, conceptually representing the volatility of gas prices and their impact on the local economy.Fluctuating gas prices in Memphis reflect broader economic forces impacting consumers and businesses.Memphis Today

According to a survey from GasBuddy, gas prices in Memphis, Tennessee have risen 3.0 cents per gallon since last week, averaging out to $3.87 per gallon. The cheapest gas station in Memphis on Sunday was priced at $3.54, while the most expensive was $4.29.

Why it matters

Rising gas prices can have a significant impact on consumers' budgets and the local economy, as higher fuel costs affect the cost of goods and services. Memphis residents may need to adjust their spending and driving habits to accommodate the price increases.

The details

GasBuddy's data shows that gas prices in Memphis have fluctuated significantly over the past five years, ranging from a low of $2.74 per gallon in April 2021 to a high of $3.91 per gallon in April 2022. The current average price of $3.87 per gallon is higher than the U.S. national average of $3.65 per gallon reported in April 2023.

  • On Sunday, April 13, 2026, the cheapest gas station in Memphis was priced at $3.54, while the most expensive was $4.29.
  • Compared to the previous year, gas prices in Memphis have risen 3.0 cents per gallon since last week.

The players

GasBuddy

A company that provides real-time gas price information and data to consumers and businesses.

Patrick De Haan

The head of petroleum analysis at GasBuddy.

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What they’re saying

“Average gasoline prices surged for many Americans through the first half of last week before easing in some areas after oil prices slipped following President Trump's announcement of a ceasefire. However, with a breakdown in talks and renewed escalation over the weekend, motorists should prepare for another round of price increases. The move toward a full blockade of the Strait of Hormuz is compounding global supply concerns and risks further disrupting flows, which pushed oil prices sharply higher in Sunday night trading. As a result, gasoline prices are likely to jump again this week, with diesel expected to follow, until there is a meaningful restoration of shipping through the Strait.”

— Patrick De Haan, Head of Petroleum Analysis, GasBuddy

The takeaway

The rise in gas prices in Memphis is part of a broader trend affecting consumers across the country, with factors like global supply disruptions and geopolitical tensions contributing to the price increases. Residents may need to adjust their budgets and driving habits to cope with the higher fuel costs.